Economy

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Growing interest from foreign tech firms in Albania highlights digital shift

Growing interest from foreign tech firms in Albania highlights digital shift

Foreign tech companies are increasingly choosing Albania to expand their coding and software operations. According to the Albanian government, this trend is no longer driven by cheap labor but by...
April 30, 2025 -
Economy
Credit surge in key sectors supports Albania’s export growth

Credit surge in key sectors supports Albania’s export growth

New data from the Bank of Albania shows that credit from second-tier banks is increasingly being directed toward the most productive and profitable sectors of the economy—a trend that is...
April 30, 2025 -
Economy
Edi Rama: Albania on track to become energy independent and net exporter

Edi Rama: Albania on track to become energy independent and net exporter

Prime Minister Edi Rama, speaking during meetings in Fier on Tuesday, outlined Albania’s progress and future ambitions in the energy sector, pledging that the country is on the path to...
April 29, 2025 -
Economy
Albania’s economy grows 4.1% in 2024 despite global uncertainties

Albania’s economy grows 4.1% in 2024 despite global uncertainties

In an increasingly volatile world, Albania has managed to maintain economic stability. According to the latest report from the Bank of Albania, the country’s economy expanded by 4.1% in 2024,...
April 28, 2025 -
Economy
Consumer loans surge by 25% in Albania, raising financial stability concerns

Consumer loans surge by 25% in Albania, raising financial stability concerns

Consumer lending in Albania — loans not tied to home purchases or investment — rose by a striking 25% last year, according to the latest report from the Bank of...
April 28, 2025 -
Economy
Edi Rama unveils plan for military equipment production hub at former industrial complex

Edi Rama unveils plan for military equipment production hub at former industrial complex

The former Tractor and Agricultural Machinery Plant in Tirana, which has been out of service for several decades, will be repurposed into a factory producing military vehicles and uniforms, Prime...
April 28, 2025 -
Economy

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